OTHER NEWS - Aug. 30, 1991
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Pacific Scientific to Sell Seals Division: Pacific Scientific Co. said it will sell its Belfab division in Daytona Beach, Fla., to a British company for $14 million. TI Group PLC in England will buy the division, which makes seals for aerospace and industrial applications, and combine it with TI Group’s John Crane International seal manufacturing unit in Morton Grove, Ill. Edgar S. Brower, chief executive of Newport Beach-based Pacific Scientific, said the deal should be completed in the next several weeks. The Belfab division employs about 100 people and had sales of $10 million for the year ended Dec. 28, 1990.
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